62.62 -0.81 (-1.28%)
Pre-Market: 7:54AM EST
|Bid||62.22 x 1800|
|Ask||62.60 x 900|
|Day's Range||62.60 - 64.62|
|52 Week Range||56.40 - 74.98|
|Beta (3Y Monthly)||0.43|
|PE Ratio (TTM)||12.54|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||2.24 (3.45%)|
|1y Target Est||69.89|
Innovative Cereal Supports Digestive Wellness with Prebiotics, Probiotics, and Fiber BATTLE CREEK, Mich. , Nov. 14, 2018 /PRNewswire/ -- At a time when 92% of adult Americans rate maintaining digestive ...
Futures were higher this morning amid volatility in the oil market and as investors looked ahead to inflation data. The Dow saw its third straight negative session on Tuesday, while the S&P 500 saw its fourth straight negative session. Oil struggled to find footing this morning after plunging 7 percent the previous session, with surging supply and the specter of faltering demand scaring off investors.
The 112-year-old food giant said it would put its cookies business (including Keebler, Famous Amos, Mother's and Murray brands), and its fruit snacks business on the block. It's a logical move for Kellogg, which says it will reinvest in e-commerce and healthier products as well as realign its sales staff as part of an operational restructuring.
dropped nearly 2% on Tuesday, Nov. 13, after the cereal and snacks maker said it was exploring the sale of its Keebler, Famous Amos and fruit snacks businesses. Kellogg stock was down 1.96% at $63.04 in midday trading. The blue-chip company's shares are down more than 15% since reaching a 52-week high of $74.98 on Sept. 17.
Consolidating morning foods, snacks and frozen foods into a single organization that will make up 80 percent of KNA revenue. In addition, the company said it will explore the sale of its cookie and fruit snack business after a strategic review. "We need to make strategic choices about our business and these brands have had difficulty competing for resources and investments within our portfolio," Kellogg CEO Steve Cahillane said in a statement.
BATTLE CREEK, Mich., Nov. 13, 2018 /PRNewswire/ -- Kellogg Company (NYSE:K) today is hosting a meeting for investors and analysts at the Kellogg's NYC Café in New York City. During the meeting, the Company is sharing an update on the actions and investments behind its Deploy for Growth strategy.
Here are some of the companies with shares expected to trade actively in Tuesday’s session. Check back closer to the market open for an updated list. Kellogg: The packaged-foods company may sell its fruit snacks and cookies businesses, including the well-known Keebler brand.
Kellogg Co. plans to let go of the Keebler Elves. The food maker on Monday said it is considering a sale of its cookie and fruit-snack businesses, including Keebler, Famous Amos and other brands, to focus on products with faster-growing sales. J.M. Smucker Co. earlier this year sold Pillsbury baking mixes to a private-equity firm for $375 million, including debt.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Theresa May says Brexit talks 'in the endgame' https://on.ft.com/2QzrlYZ ...
Like other packaged food makers, Kellogg has struggled to boost sales as consumers shift toward healthier alternatives, while competition from Amazon.com Inc (AMZN.O) and other online retailers has resulted in intense pricing pressure. The announcement comes less than two weeks after Kellogg cut its full-year profit outlook, citing increased spending on advertising and higher distribution costs. "We need to make strategic choices about our business and these brands have had difficulty competing for resources and investments within our portfolio," Chief Executive Officer Steve Cahillane said in a statement.
Kellogg Co said on Monday it would reorganize its North American division and explore a sale of its cookies and fruit snacks units, which include brands such as Keebler and Stretch Island, as it sharpens focus on its core businesses. Like other packaged food makers, Kellogg has struggled to boost sales as consumers shift toward healthier alternatives, while competition from Amazon.com Inc and other online retailers has resulted in intense pricing pressure. The announcement comes less than two weeks after Kellogg cut its full-year profit outlook, citing increased spending on advertising and higher distribution costs.
Kellogg Co. said late Monday it's looking to sell off its cookies and fruit snacks businesses to focus more on its core products. The cookie brands include Keebler, Famous Amos, Mother's and Murray brands, while the fruit snacks brands include the Stretch Island brand, Kellogg said. In North America, the company also said it was consolidating its morning foods, snacks and frozen foods segments into one unit, and consolidating its sales teams in those areas. Kellogg shares were flat after hours, having declined 1.1% to close at $64.30 in the regular session.
Kellogg is restructuring its North American business and looking to sell its Keebler, Famous Amos and fruit snacks businesses to refocus on its core breakfast and frozen foods divisions, the company said Monday.
BATTLE CREEK, Mich., Nov. 12, 2018 /PRNewswire/ -- Kellogg Company announced today two significant changes to its North American business designed to ensure it has the right operating model and portfolio to deliver profitable growth in the future. First, beginning in January 2019, Kellogg's North American (KNA) organizational structure will be redesigned to better enable the company to win in the marketplace and deliver top-line growth. Second, Kellogg is exploring the sale of its cookies and fruit snacks businesses to enable the company to bring a sharper focus to its core businesses.
Kellogg on Monday said it will overhaul its corporate structure in North America and explore the sale of its cookies and fruit snacks businesses. The food giant announced that it will combine its US morning foods, snacks and frozen foods divisions into a single organisation that will represent 80 per cent of North American revenue. Kellogg also plans to build a consolidated supply chain and invest in new e-commerce capabilities.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Goods sector is rising.
BATTLE CREEK, Mich., Nov. 8, 2018 /PRNewswire/ -- Kellogg has a long history of supporting the military and continues to advocate, recruit and develop veteran employees so they can flourish and thrive. In honor of Veterans Day, Alinda Arnett, Manager, Corporate Records & Archives, Kellogg Company, opens the archives to share a bit of the company's military history. As Kellogg Company's Manager of Corporate Records & Archives, I am fortunate to maintain and preserve the company's deep and fascinating history.
The stock market has seemingly found some stability in early November after a big October rout. Value stocks tend to perform better during times of volatility. Specifically, value stocks that are trading at a discount to their normal valuation and the market valuation tend to be less susceptible to market risk than other stocks.
Moody's Investors Service ("Moody's) confirmed H-Food Holdings, LLC's (Hearthside) ratings, including its B3 Corporate Family Rating and B3-PD Probability of Default. Moody's also assigned a B2 rating to the $565 million first-lien term loan add on. Proceeds from the incremental first-lien term loan, a new unrated $250 million second-lien loan, and roughly $275 million of new cash equity from sponsors Charlesbank Capital Partners and Partners will fund the $1.1 billion acquisition of Greencore USA.
K credit default swap spreads are within the middle of their range for the last three years. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
NEW YORK, Nov. 06, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
BATTLE CREEK, Mich., Nov. 5, 2018 /PRNewswire/ -- Last Thanksgiving, Pringles® showed the world they deserve a seat at the table when they launched the Pringles Thanksgiving Dinner. This year, Pringles is upping the ante and giving fans a chance to get their hands on a can (or three) of favorites from last year's lineup: Turkey, Stuffing, and Pumpkin Pie.
Walmart Inc (WMT.N), Target Corp (TGT.N) and other grocers have kept prices low over the past two years to fend off growing challenges from Amazon.com Inc's (AMZN.O) Whole Foods Market, German discount supermarket Aldi Inc, and others. Companies including Procter & Gamble Co (PG.N), Kellogg Co (K.N) and Hershey Co (HSY.N) have told grocers in recent months that they need to raise prices on some products, as commodities costs surge and truck fleets hike rates. Consumers have money and wages are finally up," said Storch, the former CEO of Hudson's Bay Co (HBC.TO) and ex-vice chairman of Target.